Course Overview
In today’s procurement, where the volume of suppliers is large, decision-makers cannot rely on intuition to make strategic decisions. Also, as the global marketplace has evolved, the procurement function has moved from being a purely operational purchase order fulfillment department to a more strategic role. The current nature of global business and its increasingly complex supply chain networks demand advanced tools to meet the complexity and accelerating change in procurement.
This training course explores key concepts forming the basis of strategic procurement and supply chain management, and moves modern organizations from typical tactical focus to the strategic focus needed to successfully implement the processes and methods needed to reach world-class performance.
Course Duration
5 Days
Who Should Attend
- Procurement Officers
- Supply Chain Managers
- Contract Managers
- Project Managers
- Operations Managers
- Logistics Managers
- Procurement Analysts
- Professionals involved in procurement, contract negotiation, or supply chain management
- Individuals seeking to advance their careers in procurement and supply chain management
Course Objectives
By the end of this course, participants will:
- Understand the fundamentals and advanced concepts in procurement and supply chain management.
- Develop effective procurement strategies and plans.
- Apply best practices in contract management and negotiation.
- Enhance supply chain efficiency and effectiveness.
- Implement risk management strategies in procurement and supply chain processes.
- Utilize technology and data analytics in procurement and supply chain management.
- Improve supplier relationship management.
- Ensure compliance with legal and regulatory requirements in procurement and contracts.
- Develop and manage budgets for procurement activities.
- Optimize inventory and logistics operations.
Course Outline:
Module 1 - Introduction
- Overview of the Supply Chain concept
- Focus areas of Supply Chain Management
- Types of Supply Chains
- The role of Procurement in the Supply Chain
- Evolution of buying into Supply Management
- Evolutionary stages To World Class Procurement
- Objectively measuring the performance of the Supply Chain
Module 2 - Strategic Decisions in Procurement
- Vertical integration, partnerships, and strategic alliances
- Involving end-users in the procurement process
- Developing a successful supplier strategy
- Crafting a contracting strategy
- Coordination of purchasing requirements
- Transfer pricing and inter-company trade
- Purchasing organization
Tactical Decisions in Purchasing
- Early Supplier Involvement (ESI)
- Value analysis
- Supplier selection
- Supplier quality assurance & auditing
- Supplier rating
- Contract management
- Purchasing information system
- Purchasing policies and procedures
- Staffing issues
- Commodity teams
Module 3 - Operational Decisions in Purchasing
- The ordering process
- Expediting
- Invoice verification
- Workload management
- Document handling
- Effectively Dealing with small value purchases
- Developing Spend Profiles and the ABC Analysis
Module 4 -Applying Supply Chain Management Principles to Procurement
- The four V’s of Supply Chain Management
- Creating a value proposition
- SCM Planning process
- Four different SCM scenarios
- Using ERP to effectively spare part requirements
Module 5 - Change Management in Procurement
- Why the status quo is no longer good enough
- Determining the readiness of an organization for change
- Implementing a change management project
- Determining what to change
- Determining what to change to
- Determining what is required to implement the change
- Putting forward a business case to top management
